Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 140 - COMMUNITY DEVELOPMENT INCENTIVE PROJECT FUND
Section 813-140-0095 - Application Process for Housing Preservation Community Incentive Fund

(1) All housing projects financed by OHCS with HUD Section 8 rental assistance contracts which have been renewed or will be renewed are eligible to apply.

(2) Applicants must obtain application materials directly from the Department.

(3) Applicants must submit their applications to the Department contact person listed on application materials.

(4) The Department will analyze the application and determine the appropriate mix of funding sources including tax credits, credit equity, grants and/or loans.

(5) The applications that, in the judgment of the Department, meet program requirements (see Program Overview and application materials), will be summarized for submission to the Advisory Board for their review and recommendation.

(6) Projects will be selected for financing, which in the judgment of the Board (as evidenced by its recommendations to the Director) and the Director achieve the requirements of the Housing Preservation Incentive Fund based on the criteria outlined in application materials and Program Overview.